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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 872,981 $ 567,797 $ 674,035
Adjustments to reconcile net income to net cash provided by operating activities:      
(Reversal of) provision for credit losses (35,000) 210,653 98,685
Depreciation and amortization 156,792 119,908 144,178
Accretion of discount and amortization of premiums, net 33,467 (16,456) (22,379)
Stock compensation costs 32,567 29,237 30,761
Deferred income tax benefit 4,762 (41,515) (21,604)
Net gains on sales of loans (8,909) (4,501) (4,035)
Gains on sales of AFS debt securities (1,568) (12,299) (3,930)
Net gains on sales of other real estate owned ("OREO") and other foreclosed assets (1,977) (207) (233)
Impairment on OREO and other foreclosed assets 5,151 3,717 9
Loans held-for-sale:      
Originations and purchases (11,155) (81,662) (10,569)
Proceeds from sales and paydowns/payoffs of loans originally classified as held-for-sale 12,552 80,659 10,436
Proceeds from distributions received from equity method investees 13,117 8,786 3,470
Net change in accrued interest receivable and other assets 124,496 (340,566) (172,506)
Net change in accrued expenses and other liabilities (29,412) 170,420 6,015
Other net operating activities 558 (1,327) 812
Total adjustments 295,441 124,847 59,110
Net cash provided by operating activities 1,168,422 692,644 733,145
Net (increase) decrease in:      
Interest-bearing deposits with banks 73,263 (613,400) 170,455
Investments in qualified affordable housing partnerships, tax credit and other investments (189,836) (154,887) (146,902)
Resale agreements:      
Proceeds from paydowns and maturities 982,694 450,000 650,000
Purchases (1,876,197) (800,000) (325,000)
AFS debt securities:      
Proceeds from sales 308,812 525,433 627,110
Proceeds from repayments, maturities and redemptions 1,766,184 2,070,131 1,155,002
Purchases (6,779,655) (4,758,254) (2,303,317)
Loans held-for-investment:      
Proceeds from sales of loans originally classified as held-for-investment 606,410 331,864 288,823
Purchases (1,045,456) (389,863) (524,142)
Other changes in loans held-for-investment, net (2,877,438) (3,546,596) (2,183,665)
Premises and equipment:      
Proceeds from sales 329 5,154 403
Purchases (6,017) (2,656) (9,859)
Proceeds from sales of OREO and other foreclosed assets 54,338 295 1,224
Purchase of bank-owned life insurance (150,000) 0 0
Distributions received from equity method investees 14,440 15,901 9,502
Other net investing activities 925 (6,858) (2,560)
Net cash (used in) provided by investing activities (9,117,204) (6,873,736) (2,592,926)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 8,464,285 7,482,845 1,903,717
Net (decrease) increase in short-term borrowings (21,143) (9,016) (28,535)
FHLB advances:      
Proceeds 400 10,300 1,500,000
Repayments (405,400) (105,300) (1,082,001)
Repurchase agreements:      
Proceeds 0 48,063 0
Repayment 0 (198,063) 0
Extinguishment cost 0 (8,740) 0
Long-term debt and lease liabilities:      
Proceeds from long-term debt 0 1,437,269 0
Repayments of long-term debt and lease liabilities (1,206) (1,438,335) (884)
Common stock:      
Proceeds from issuance pursuant to various stock compensation plans and agreements 2,573 2,326 3,383
Stocks tendered for payment of withholding taxes (15,702) (8,253) (14,635)
Repurchase of common stocks pursuant to the Stock Repurchase Program 0 (145,966) 0
Cash dividends paid (188,762) (158,222) (155,107)
Net cash provided by financing activities 7,835,045 6,908,908 2,125,938
Effect of exchange rate changes on cash and cash equivalents 8,701 29,006 (6,385)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (105,036) 756,822 259,772
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 4,017,971 3,261,149 3,001,377
CASH AND CASH EQUIVALENTS, END OF YEAR 3,912,935 4,017,971 3,261,149
Cash paid during the year for:      
Interest 87,684 233,139 418,840
Income taxes, net 139,460 116,416 158,296
Noncash investing and financing activities:      
Loans transferred from held-for-investment to held-for-sale 599,610 329,069 285,637
Loans transferred to OREO $ 49,485 $ 19,504 $ 2,013